Peter Zaffino Salary, Net Worth, Wiki, Bio, and Current Holdings

Peter Zaffino is a remarkable leader in the insurance industry, with more than 30 years of experience and a track record of transforming businesses and delivering value to stakeholders. He is currently the Chairman and CEO of AIG, one of the world’s largest insurance organizations, as well as the Chairman of Corbridge Financial, a leading provider of financial solutions for the insurance sector.

He has been instrumental in driving growth, innovation, and operational excellence in the complex and dynamic world of risk and reinsurance. He has also been a champion of social responsibility, serving on the boards of several philanthropic and charitable organizations.

In this article, we will explore the life and career of Peter Zaffino, and reveal some of the secrets of his success. We will also look at his family, salary, and net worth, and how he manages his wealth and well-being. If you are curious to know more about this influential and inspiring figure, read on and discover the story of Peter Zaffino.

Quick Facts About Peter Zaffino

Full Name	Peter Zaffino
Current Position	CEO of AIG
Birth Date	1967
Birth Place	Greenwich
Education	New York University’s Leonard N. Stern School of Business
Wife	Kirsten Zaffino
Children	Three kids
Estimated Net Worth	$51 Million

Early Life of Peter Zaffino

Peter was born in 1967 to Salvatore D. Zaffino, who was a leader in the insurance sector. He served as the CEO and then the chairman of Guy Carpenter & Company from 1999 to 2007.

Zaffino graduated from Boston College in 1989 with a degree in economics and was a member of the soccer team. He then earned his MBA in finance from the Leonard N. Stern School of Business at New York University. He has the credentials of CPCU and Associate in Reinsurance in the insurance field.

Peter Zaffino’s Career Journey and Timeline

Early Career

Zaffino started his career in the insurance and reinsurance industry at The Hartford, after graduating from college. He then moved to GE Capital, a portfolio company that offered alternative risk insurance and reinsurance solutions, where he rose to various senior leadership positions.

Marsh & McLennan Companies

Guy Carpenter

In 2001, Zaffino left GE Capital Services and joined Guy Carpenter & Company, a global risk and reinsurance specialist and a subsidiary of Marsh & McLennan Companies in New York City. He climbed the ranks at Guy Carpenter, taking charge of global specialty practices. In February 2008, he became the president and CEO of Guy Carpenter.

Marsh CEO and MMC risk Chairman

Marsh & McLennan Companies, a professional services firm that comprises risk management companies Marsh and Guy Carpenter and consulting firms Mercer and Oliver Wyman Group, named Zaffino as a member of its executive committee in 2008.

AIG President and Global COO

Zaffino joined AIG as executive vice president and global chief operating officer in August 2017. He was recruited by AIG’s new CEO Brian Duperreault, who had previously led Marsh & McLennan Companies from 2008 to 2012.

In September 2017, Duperreault appointed Zaffino as CEO of General Insurance, in addition to his role as global COO.

AIG President, CEO and Chairman

On March 1, 2021, Zaffino took over from Duperreault as AIG’s CEO, with Duperreault becoming executive chairman of the board. In September 2021, he was elected to lead the AIG board and replaced Duperreault as chairman on January 1, 2022.

Current Positions of Peter Zaffino

Name	Title	Since
American International Group, Inc. (Property & Casualty Insurance)	Chairman, President, CEO & COO	2022
Corebridge Financial, Inc. (Life & Health Insurance)	Chairman	2021
General Insurance Co.	Chief Executive Officer	–
The Michael J. Fox Foundation for Parkinson’s Research	Director	–
The Geneva Association	Director	2022
New York Police & Fire Widow’s & Children’s Benefit Fund	Director	–

Peter Zaffino Wife and Kids

Zaffino is married to his wife, Kristen, and they have three children. They live in the New York metropolitan area. He is a supporter of The Michael J. Fox Foundation for Parkinson’s Research and the New York Police and Fire Widows’ and Children’s Benefit Fund.

Peter Zaffino Salary and Other Sources of Income

In the fiscal year 2022, Peter Zaffino received a total compensation of $75,314,199 as the president and CEO of AMERICAN INTERNATIONAL GROUP, INC. It includes a salary of $1,571,923, $7,830,000 as bonus, $3,224,990 as stock options, and $62,422,889 as stock awards. The rest of his income, $264,397, came from other sources of compensation. This data is based on the proxy statements that were filed for that year.

Peter Zaffino’s Net Worth in 2023

The net worth of Peter Zaffino is estimated at least 51 million dollars as of December 2023. He holds more than 85,403 shares of AIG Inc., which are valued at over $23,246,922. He has also cashed in over $6,564,593 by selling AIG shares in the past 16 years. Besides, he earns a salary of $1,571,923 as the CEO of AIG Inc. Meanwhile, Peter Zaffino’s house at Sankaty Road is worth $7.5 million.

Current Holdings of Peter Zaffino

Name

Equities

Percentage

Valuation

American International Group, Inc. (AIG)

(Property & Casualty Insurance)

353,243

0.050%

$23,246,922

Peter Zaffino LinkedIn Account

Peter isn’t active on any social networking platform except LinkedIn. He has 500+ connections and over 27K followers. He frequently shares his ideology and posts on his official account. Here’s how you can connect to Peter Zaffino on LinkedIn:

Peter Zaffino

https://www.linkedin.com/in/peter-zaffino/

Surprising Facts About Peter Zaffino

Here are some astounding facts about Peter Zaffino that you may not know:

His father Salvatore D. Zaffino was a former chairman and CEO of Guy Carpenter & Company.
He played collegiate soccer at Boston College, where he earned a BA in economics.
Peter Zaffino joined Guy Carpenter in 2001 and became its president and CEO in 2008.
He was instrumental in improving Guy Carpenter’s analytical tools, operations, profitability, and sales culture.
He joined AIG in 2017 as the global chief operating officer and became the president in 2020.
Zaffino is a member of the boards of The Michael J. Fox Foundation for Parkinson’s Research and the New York Police and Fire Widows’ and Children’s Benefit Fund².
He is a champion of inclusive capitalism and has committed to advancing environmental, social, and governance (ESG) goals at AIG.

FAQs

How much does Peter Zaffino Make?

Peter Zaffino made $75.3 million in total compensation as the CEO of AIG in 2022, according to Salary.com.

Who is the Current CEO of AIG?

Peter Zaffino is the current CEO of AIG, a position he assumed on March 1, 2021, succeeding Brian Duperreault.

Where does Peter Zaffino Live?

Peter Zaffino lives in New York City, where AIG’s corporate headquarters are located. He bought a pre-war apartment on the Upper East Side for $6.75 million in 2014.